Rally

Bitcoin

Coin

<ul class="news-points"> 
 <li>The 4-hour chart displayed a resistance at $68,453, indicating that bulls had work to do.</li> 
 <li>If the EMAs maintain the momentum gained from the golden cross, Bitcoin could rise to $72,000.</li> 
 <li>The Fibonacci retracement on the daily chart showed that a correction to $49,578 was possible.</li> 
</ul> 
After hitting a new all-time high on March 5, and facing a price collapse later, <a href="https://coinedition.com/bitcoin-dips-10-post-new-ath-causing-over-300m-btc-liquidations/">Bitcoin (BTC)</a> was back above $67,000. At press time, CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">showed</a> that the coin has gained 3.98% in the last 24 hours, indicating that the selling pressure initially experienced was fizzling out. 
A critical analysis of the 4-hour BTC/USD chart showed that bulls were aggressively buying the dip. Furthermore, demand for Bitcoin ETFs as well as the hike in spot volume contributed to the recovery. 
<h2 class="wp-block-heading" id="h-bitcoin-4-hour-analysis">Bitcoin 4-Hour Analysis</h2> 
As it stands, bears risk being put out of the market. At press time, buyers might face a resistance at $68,453. If bulls push the price above the resistance, Bitcoin might reclaim $69,000 for a start. 
Furthermore, the successful close could lead to an extension which puts BTC as high as $72,000. But that would depend on the bulls’ ability to defend the $66,186 support. Howe…
The post <a href="https://coinedition.com/bitcoin-price-eyes-76000-will-the-rally-continue/">Bitcoin Price Eyes $76,000: Will the Rally Continue?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Price Eyes $76,000: Will the Rally Continue?

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